Covered Call Analyzer from Investment Enhancing Systems, Inc.

The Covered Call Analyzer

$100,0000 Retirement Portfolio Trades for October 22, 2011

This is a rolling portfolio and we will look at open positions and make new trades using monies from called and sold positions each month on expiration weekend. The statements starting "Buy...." is what the Covered Call Analyzer tells you to do after finding the best buy/writes and calculating the values.

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	Income*	Cost*	Balance
From September:			-$32
From Conservative "Stocks-to-Consider" for February 19, 2011 and putting $10,000 into the money available field.
Buy 300 shares of GARMIN (GRMN) at $33.02 (closing last trade price) and sell 3 call Out-of-the-Money contracts of GRMN1119C35 (Mar$35.00) at $0.74 (closing bid price) expiring on 3/19/2011. Cost is$9,927, and income from sale of the calls is $208 and includes your commissions. Actual return if called at expiration is 7.9%. Not called on March 19. Will now sell Apr35 at $0.65. Price at $33.82 and value at $10,534, including sale of all calls, up +6.1. Not called on April 16. Will now sell May35 at $0.83. Price at $33.90 and value at $10,793, including sale of all calls, up +8.7. Not called on May 21. Will now sell Jun35 at $0.66. Price at $34.98 and value at $11,300, including sale of all calls, up +13.8. Not called on June 18. Will now sell Jul34 at $0.70. Note that we have lowered the strike price but it is still above the prchase price. Price at $33.66 and value at $11,100, including sale of all calls, up +11.8%. Not called on July 16. Will now sell Aug34 at $0.59 Price at $32.23 and value at $10,833, including sale of all calls, up +9.1%. Not called on August 20. Will now sell Sep34 at $0.22. Price at $31.00 and value at $10,528, including sale of all calls, up +6.1%. Not called on September 17. Will now sell Oct34 at $0.97. Price at $33.73 and value at $11,334, including sale of all calls, up +17.0%. Called on October 22 at $34.00. Proceeds $10,180 after commission. Total return including call premium is $11,672, up +17.6%.			$10,148
From Conservative "Stocks-to-Consider" for August 16, 2011 and putting $10,000 into the money available field.
Buy 100 shares of INTERDIGITAL (IDCC) at $62.98 (closing last trade price) and sell 1 call Out-of-the-Money contracts of IDCC1117I75 (Sep$75.00) at $4.40 (closing bid price) expiring on 9/17/2011. Cost is $6,318, and income from sale of the calls is $429 and includes your commissions. Actual return if called at expiration is 25.5%. Not called on September 17. Will now sell Oct75 at $4.50. Price at $62.18 and value at $7,086, including sale of all calls, up +12.1%. Exercised get-out price at $53.53 (-15%) on September 26 after buying back calls at $0.05. Proceeds $5,333 after commission. Final value including sale of all calls is $6,204, down (1.8%).			$15,481
Buy 1000 shares of HARVEST NATURAL RESOURCES (HNR) at $9.12 (closing last trade price) and sell 10 call Out-of-the-Money contracts of HNR1117I12.5 (Sep$12.50) at $0.30 (closing bid price) expiring on 9/17/2011. Cost is $9,140, and income from sale of the calls is $275 and includes your commissions. Actual return if called at expiration is 39.8%. Not called on September 17. Will now sell Oct15 at $0.35. Note that we have raised the strike price. Price at $12.50 and value at $13,080, including sale of all calls, up +43.1%. Not called on October 22. Will now sell Nov12.5 at $0.55. Price at $11.28 and value at $12,405, including sale of all calls, up +35.7%.	$525		$15,481
Buy 600 shares of MOMENTA PHARMACEUTICALS (MNTA) at $16.26 (closing last trade price) and sell 6 call Out-of-the-Money contracts of MNTA1117I20 (Sep$20.00) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,776, and income from sale of the calls is $251 and includes your commissions. Actual return if called at expiration is 25.3%. Not called on September 17. Will now sell Oct20 at $0.50. Price at $17.75 and value at $11,182, including sale of all calls, up +14.1%. Exercised get-out price at $13.82 (-15%) on September 19 after buying back calls at $0.05. Proceeds $8,272 after commission. Final value including sale of all calls is $8,775, down (10.2%).			$23,753
Buy 300 shares of VERIFONE SYSTEMS (PAY) at $31.66 (closing last trade price) and sell 3 call Out-of-the-Money contracts of PAY1117I40 (Sep$40.00) at $0.45 (closing bid price) expiring on 9/17/2011. Cost is $9,518, and income from sale of the calls is $121 and includes your commissions. Actual return if called at expiration is 27.3%. Not called on September 17. Will now sell Oct40 at $1.60. Price at $38.81 and value at $12,229, including sale of all calls, up +28.5%. Not called on October 22. Will now sell Nov40 at $1.40. Price at $36.67 and value at $12,187, including sale of all calls, up +28.0%.	$406		$23,753
Buy 800 shares of RUBICON TECHNOLOGY (RBCN) at $12.16 (closing last trade price) and sell 8 call Out-of-the-Money contracts of RBCN1117I15 (Sep$15.00) at $0.25 (closing bid price) expiring on 9/17/2011. Cost is $9,748, and income from sale of the calls is $178 and includes your commissions. Actual return if called at expiration is 24.9%. Not called on September 17. Will now sell Oct15 at $0.40. Price at $12.51 and value at $10,404, including sale of all calls, up +7.6%. Exercised get-out price at $10.34 (-15%) on October 3 after buying back calls at $0.05. Proceeds $8,252 after commission. Final value including sale of all calls is $8,686, down (10.9%).			$32,005
From Conservative "Stocks-to-Consider" for September 17, 2011 and putting $10,000 into the money available field.
Buy 100 shares of WALTER ENERGY (WLT) at $82.19 (closing last trade price) and sell 1 call Out-of-the-Money contracts of WLT1122J95 (Oct$95.00) at $3.10 (closing bid price) expiring on 10/22/2011. Cost is $8,239, and income from sale of the calls is $299 and includes your commissions. Actual return if called at expiration is 18.9%. Exercised get-out price at $69.86 (-15%) on September 21 after buying back calls at $0.05. Proceeds $6,966 after commission. Final value including sale of all calls is $7,268, down (11.8%).			$38,971
Buy 400 shares of RPC (RES) at $21.87 (closing last trade price) and sell 4 call Out-of-the-Money contracts of RES1122J25 (Oct$25.00) at $0.60 (closing bid price) expiring on 10/22/2011. Cost is $8,768, and income from sale of the calls is $224 and includes your commissions. Actual return if called at expiration is 16.6%. Exercised get-out price at $18.59 (-15%) on September22 after buying back calls at $0.05. Proceeds $7,416 after commission. Final value including sale of all calls is $7,624, down (13.0%).			$46,387
Buy 500 shares of OMNIVISION TECHNOLOGIES (OVTI) at $17.62 (closing last trade price) and sell 5 call Out-of-the-Money contracts of OVTI1122J20 (Oct$20.00) at $0.65 (closing bid price) expiring on10/22/2011. Cost is $8,830, and income from sale of the calls is $308 and includes your commissions. Actual return if called at expiration is 16.7%. Exercised get-out price at $14.98 (-15%) on September 29 after buying back calls at $0.05. Proceeds $7,470 after commission. Final value including sale of all calls is $7,755, down (12.2%).			$53,857
Buy 800 shares of ASSURED GUARANTY (AGO) at $11.55 (closing last trade price) and sell 8 call Out-of-the-Money contracts of AGO1122J13 (Oct$13.00) at $0.41 (closing bid price) expiring on 10/22/2011. Cost is $9,260, and income from sale of the calls is $306 and includes your commissions. Actual return if called at expiration is 15.6%. Not called on October 22. Will now sell Nov13 at $0.82. Note that we have raised the strike price. Price at $12.50 and value at $10,940, including sale of all calls, up +18.1%.	$634		$53,857
From Conservative "Stocks-to-Consider" for October 22, 2011 and putting $10,000 into the money available field.
Buy 200 shares of INTERDIGITAL(IDCC) at $47.65 (closing last trade price) and sell 2 call Out-of-the-Money contracts of IDCC1119K55 (Nov$55.00) at $3.60 (closing bid price) expiring on 11/19/2011. Cost is $9,550, and income from sale of the calls is $707 and includes your commissions. Actual return if called at expiration is 22.6%.	$707	$9,550	$44,307
Buy 900 shares of *ETRADE FINANCIAL CORP(ETFC) at $10.01 (closing last trade price) and sell 9 call Out-of-the-Money contracts of ETFC1119K12 (Nov$12.00) at $0.33 (closing bid price) expiring on 11/19/2011. Cost is $9,029, and income from sale of the calls is $274 and includes your commissions. Actual return if called at expiration is 22.6%**.	$274	$9,029	$35,278
Buy 1100 shares of GENCO SHIPPING & TRADING(GNK) at $8.45 (closing last trade price) and sell 11 call Out-of-the-Money contracts of GNK1119K10 (Nov$10.00) at $0.30 (closing bid price) expiring on 11/19/2011. Cost is $9,315, and income from sale of the calls is $304 and includes your commissions. Actual return if called at expiration is 21.4%.	$304	$9,315	$25,963
Buy 600 shares of FIRST MAJESTIC SILVER(AG) at $15.34 (closing last trade price) and sell 6 call Out-of-the-Money contracts of AG1119K17.5 (Nov$17.50) at $0.50 (closing bid price) expiring on 11/19/2011. Cost is $9,224, and income from sale of the calls is $281 and includes your commissions. Actual return if called at expiration is 16.9%.	$281	$9,224	$16,739
Buy 1100 shares of JAMES RIVER COAL COMPANY(JRCC) at $9.04 (closing last trade price) and sell 11 call Out-of-the-Money contracts of JRCC1119K10 (Nov$10.00) at $0.55 (closing bid price) expiring on 11/19/2011. Cost is $9,964, and income from sale of the calls is $579 and includes your commissions. Actual return if called at expiration is 16.2%.	$579	$9,964	$6,775
Buy 100 shares of CLIFFS NATURAL RESOURCES(CLF) at $60.03 (closing last trade price) and sell 1 call Out-of-the-Money contracts of CLF1119K75 (Nov$75.00) at $0.45 (closing bid price) expiring on 11/19/2011. Cost is $6,023, and income from sale of the calls is $34 and includes your commissions. Actual return if called at expiration is 25.1%.	$34	$6,023	$752
Totals for October:	$3,744	$53,105	$752
Taking $2,000 out as income total leaves $1,744 that will be added to the cash balance:			$2,496
Portfolio value at November expiration (November 17) is $87,309* after $20,000 taken as income in ten months. Total return including income is $107,308, up 7.3%. The S&P500 average for the year so far is down (5.3%).

*After the effect of all commissions.

The stocks listed above are for illustrative and educational purposes only and should not be construed as an endorsement, recommendation, or solicitation to buy or sell any particular security.

Starting on January 22, 2011, Investment Enhancing Systems, Inc. provided this retirement portfolio using the stocks identified in our Conservative "Stocks-to-Consider" list. We started by investing $100,000 in stock buy/writes identified by the Covered Call Analyzer on expiration weekend for January 22, 2011. Since it is a retirement portfolio, we take $2,000 premium income each month as income. We reinvest (keep in the portfolio) stock price appreciation to the strike price and the balance of call premium. Our objective is to maintain and grow the portfolio while maintaining a monthly income of $2,000. We will update this portfolio each month on expiration weekend, using the Analyzer, to find more buy/writes using the monies realized from called or "get-out" sales. Because this is a conservative portfolio, we have established the get-out price at -15% below the purchase price.